Not-So-Great Expectations for the Year Ahead?
Statistical probabilities and the calendar distort market predictions in any case, but while omicron looks less deadly than feared, inflation is clouding the picture for 2022.
It’s already hard to see through the inflation confetti how 2022 will turn out.
Photographer: Roy Rochlin/Getty Images
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It’s the season for predicting 2022. I’m currently burdened by huge piles of paper as every analyst out there comes up with their own estimates for where we will be by the end of next year. They’re very useful. A lot of bright people work in the investment industry, and the exercise of trying to arrive at their most likely scenario for 2022 helps them organize their thoughts and ask and answer important questions. I’m very grateful for their efforts, which I’m finding useful for my own job.